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Welcome To IANS Live - BUSINESS - CIABC urges Meghalaya govt to scrap Central Bonded Warehouse

Photo Credit: IANS IANSLive Shillong, May 17 (IANS) The Confederation of Indian Alcoholic Beverage Companies (CIABC), apex body of the Indian Alcoholic Beverage Industry, has written to the Meghalaya Government seeking immediate end to the creation of Central Bonded Warehouse (CBW) which is to function as the sole wholesaler for all alcoholic beverages products to be sold in Meghalaya. To get full access of the story, click here to subscribe to IANS News Service © 2021 IANS India Private Limited. All Rights Reserved. The reproduction of the story/photograph in any form will be liable for legal action. For news, views and gossips, follow IANS at Twitter.

Delhi lockdown triggers another panic buying

Delhi lockdown triggers another panic buying SECTIONS Share Synopsis Grocery products makers said packs were flying off shelves in the capital, similar to what happened before the lockdown was imposed in Maharashtra earlier this month, and there were serpentine queues in front of liquor shops at various high streets and standalone small outlets. ANI People in Delhi on Monday thronged shops to stock up everything from liquor to packaged foods such as biscuits, noodles, packaged rice and edible oils, to hygiene and sanitising products ahead of a week-long lockdown from 10 pm. Grocery products makers said packs were flying off shelves in the capital, similar to what happened before the lockdown was imposed in Maharashtra earlier this month, and there were serpentine queues in front of liquor shops at various high streets and standalone small outlets.

CIABC urges centre not to reduce customs duty on whiskey imports from UK

Amid reports of the UK mounting pressure on the Indian government for massive tariff concessions on imports of Scotch whiskey in the free trade agreement negotiations, the Confederation of Indian Alcoholic Beverage Companies (CIABC) has strongly objected to any plans to slash the Basic Customs Duty (BCD). The CIABC has said that since the imports are already dominating the Indian market, any reduction in the BCD will make matters worse and squeeze Indian products totally out. The balance of trade in alcoholic beverages is highly skewed in favour of the UK and any reduction in BCD will further worsen it, said CIABC Director General Vinod Giri.

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